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've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> the debt ceiling is coming, the sequesters are coming. cue the next countdown clock. joining us now from washington, the sage of capitol hill, hardest-working man in news business, nbc's luke russert. the first question i have to ask you, do you sleep, and will you ever get a vacation? >> no and no is the answer right now. >> never. >> i missed it completely. it's funny, my colleagues down on capitol hill, too, missed christmas, missed new year's. new year's eve on capitol hill is quite an experience. nothing like being with oren hatch at the midnight hour. >> getting the fiscal deal, less than an hour to go, but is this just the small battle, and is the real fight willing to come? because republicans are already signaling that they want the debt limit to be when they really stand their ground. >> one of the criticisms people have of pundits and reporters in d.c. is they are always looking ahead to the next thing and we don't digest what's happening enough in f
,000 or whatever that number is, barack obama will sign into law at some point a tax cut for millions of american people. they will no longer be the bush tax cuts. they will be the obama tax cuts from millions of medal class families all across this country. guess what, that's not a bad thing. >> the question is going to be what does he get for it, right? if he goes and increases the threshold to 4r50,000, what is the president getting? obviously, unemployment insurance is important, but what else has the president gotten in this negotiation? >> he hasn't gotten a lot. that's kind of the problem that i think a lot of liberals are saying. you saw jonathan's article. a lot of liberals are saying he is caving on taxes, getting very little in return, and the debt ceiling fight is three months away, and we're already seeing republicans openly saying, oh, yeah, we're going to fight over that too, and we're going to get what we want there. >> right. >> i think it's frankly pretty ridiculous to say he is not getting anything because is he getting a lot. he is not getting 250,000, but 450,000, there's a s
by law to temporary regardly postpone the date that u.s. would otherwise default on its legal obligations. a lot of republicans think because they're willing to be irresponsible, because they're proven that they will irresponsibly endanger the good faith and credit of the united states, that's another piece of leverage down the road. >> yeah. and i think they're mistaken about this. i think the president has made it very clear that as a de facto position he will not compromise. because he wants to kick the habit of using the debt ceiling as a negotiating tool. obviously, it was a telling time for secretary geithner to put out that statement yesterday. >> did you find it political? >> no, i would never -- >> if the budget matters. >> no. but it does suggest that the white house wants a grand bargain type deal, that their investment is in getting something big together so that they can resolve all these things right now. you don't have to go and ask do this all over again in two months' time, they can start focusing on other legislative matters. >> and politicians are inherently risk averse
Search Results 0 to 2 of about 3